OPENDOOR TECHNOLOGIES INC OPEN
COM · Common Stock · CUSIP 683712103 · ISIN US6837121036
American real estate company
- SectorReal estate
- IndustryReal Estate Agents & Managers (For Others)
- HeadquartersTempe, AZ
- Founded2014
- Websiteopendoor.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($85.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.84. Options: 28 managers hold calls ($414.0m notional), 25 hold puts ($172.7m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 324 |
| Q4 2022 | 291 |
| Q1 2023 | 300 |
| Q2 2023 | 299 |
| Q3 2023 | 304 |
| Q4 2023 | 311 |
| Q1 2024 | 303 |
| Q2 2024 | 294 |
| Q3 2024 | 294 |
| Q4 2024 | 288 |
| Q1 2025 | 274 |
| Q2 2025 | 242 |
| Q3 2025 | 324 |
| Q4 2025 | 359 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 145 | 138 |
| Q2 2024 | 135 | 137 |
| Q3 2024 | 138 | 125 |
| Q4 2024 | 111 | 140 |
| Q1 2025 | 130 | 118 |
| Q2 2025 | 98 | 156 |
| Q3 2025 | 216 | 139 |
| Q4 2025 | 212 | 150 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $3.7m | $3.8m | 1.00 |
| Q2 2025 | $2.2m | $1.8m | 0.81 |
| Q3 2025 | $667.4m | $564.5m | 0.85 |
| Q4 2025 | $414.0m | $172.7m | 0.42 |
Biggest buyers
| VANGUARD GROUP INC | Added | +42.1m |
| MORGAN STANLEY | Added | +40.5m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +13.2m |
| CITADEL ADVISORS LLC | Added | +6.5m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +6.1m |
| Marex Group Ltd | Added | +5.8m |
| MILLENNIUM MANAGEMENT LLC | Added | +4.4m |
| DIMENSIONAL FUND ADVISORS LP | Added | +4.1m |
| BlackRock, Inc. | Added | +3.7m |
| AMERICAN CENTURY COMPANIES INC | Added | +3.3m |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Reduced | -12.4m |
| JANE STREET GROUP, LLC | Reduced | -12.0m |
| Tidal Investments LLC | Reduced | -8.5m |
| Allianz Asset Management GmbH | Sold out | -5.8m |
| Invesco Ltd. | Reduced | -3.0m |
| Proem Advisors LLC | Sold out | -2.0m |
| TORONTO DOMINION BANK | Reduced | -1.7m |
| GROUP ONE TRADING LLC | Reduced | -1.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -1.1m |
| HRT FINANCIAL LP | Sold out | -989.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $125.8m21.6m shares |
| CITADEL ADVISORS LLC | Reduced | $71.9m12.3m shares |
| D. E. Shaw & Co., Inc. | Added | $56.5m9.7m shares |
| GROUP ONE TRADING LLC | Added | $56.0m9.6m shares |
| IMC-Chicago, LLC | Added | $42.9m7.4m shares |
| JANE STREET GROUP, LLC | Added | $21.1m3.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $13.6m5.9m shares |
| PEAK6 LLC | Added | $8.6m1.5m shares |
| Walleye Trading LLC | Added | $8.2m1.4m shares |
| Walleye Capital LLC | Added | $3.0m513.3k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $62.8m10.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $33.0m5.7m shares |
| IMC-Chicago, LLC | Reduced | $21.2m3.6m shares |
| JANE STREET GROUP, LLC | Reduced | $12.8m2.2m shares |
| GROUP ONE TRADING LLC | Added | $12.4m2.1m shares |
| HBK INVESTMENTS L P | New | $5.9m1.0m shares |
| Walleye Capital LLC | Reduced | $4.3m742.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.1m3.7m shares |
| Walleye Trading LLC | Reduced | $3.3m566.6k shares |
| K2 PRINCIPAL FUND, L.P. | Reduced | $2.9m500.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| MORGAN STANLEY 13G · institution +1.3 pts · filed 2026-08-13 | 11.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.3% |
| BlackRock, Inc. 13G · institution +5.4 pts · filed 2026-07-29 | 7.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), D. E. SHAW & CO, L.P. (2.2%, 2026-02-17), JANE STREET GROUP, LLC (3.0%, 2026-02-04), GOLDMAN SACHS GROUP INC (0.3%, 2026-01-30)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 5 | $2.5m | $2.4m |
| Q2 2024 | 0 | — | 4 | $2.0m | $2.0m |
| Q3 2024 | 0 | — | 4 | $2.3m | $1.9m |
| Q4 2024 | 0 | — | 4 | $1.5m | $1.2m |
| Q1 2025 | 0 | — | 2 | $762.2k | $762.2k |
| Q2 2025 | 0 | — | 2 | $454.9k | $454.9k |
| Q3 2025 | 2 | $5.1m | 1 | $122.4k | $122.4k |
| Q4 2025 | 1 | $1.0m | 1 | $584.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-17 | Schwartz Christina Officer | Sold | $584.2k74.0k shares |
| 2025-11-11 | Nejatian Kasra Chief Executive Officer, director | Bought | $1.0m125.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 110.3m $642.8m | Added +42.1m |
| MORGAN STANLEY 0.02% of their portfolio | 51.6m $300.7m | Added +40.5m |
| RENAISSANCE TECHNOLOGIES LLC 0.36% of their portfolio | 39.3m $229.3m | Added +13.2m |
| LENNAR CORP /NEW/ 63.31% of their portfolio | 18.8m $109.5m | First filing |
| BlackRock, Inc. 0.00% of their portfolio | 17.9m $104.4m | Added +3.7m |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 14.3m $83.6m | Added +3.3m |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 13.9m $80.9m | Reduced -12.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 11.7m $68.1m | Reduced -624.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 11.6m $67.7m | Added +2.1m |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 7.6m $44.5m | Added +6.5m |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 6.4m $37.6m | Added +795.2k |
| STATE STREET CORP 0.00% of their portfolio | 6.2m $36.1m | Added +617.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 6.2m $35.9m | Added +6.1m |
| Marex Group Ltd 0.37% of their portfolio | 5.8m $33.9m | Added +5.8m |
| UBS Group AG 0.01% of their portfolio | 5.5m $31.9m | Reduced -945.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 4.9m $28.3m | Added +4.4m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.6m $26.9m | Added +4.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 4.2m $24.5m | Reduced -1.1m |
| HENNESSY ADVISORS INC 0.85% of their portfolio | 4.1m $24.1m | Reduced -230.0k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 4.1m $23.8m | Added +2.3m |
| Invesco Ltd. 0.00% of their portfolio | 3.7m $21.7m | Reduced -3.0m |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 3.3m $19.1m | Added +3.2m |
| IEQ CAPITAL, LLC 0.05% of their portfolio | 2.9m $17.1m | Reduced -228.5k |
| Graham Capital Management, L.P. 0.56% of their portfolio | 2.8m $16.1m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $11.3m | Reduced -149.2k |
| Trexquant Investment LP 0.09% of their portfolio | 1.8m $10.4m | Added +1.3m |
| Swiss National Bank 0.01% of their portfolio | 1.8m $10.4m | Added +513.4k |
| LPL Financial LLC 0.00% of their portfolio | 1.8m $10.2m | Added +342.2k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.12% of their portfolio | 1.6m $9.5m | Added +439.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $9.4m | Added +1.4m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.6m $9.2m | Reduced -12.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.5m $8.6m | Added +508.8k |
| Jump Financial, LLC 0.10% of their portfolio | 1.3m $7.8m | New |
| GF FUND MANAGEMENT CO. LTD. 0.13% of their portfolio | 1.3m $7.7m | Reduced -43.9k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 1.3m $7.6m | New |
| FORA Capital, LLC 0.77% of their portfolio | 1.1m $6.4m | Added +822.8k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 934.7k $5.4m | New |
| SG Americas Securities, LLC 0.01% of their portfolio | 896.8k $5.2m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 885.7k $5.2m | New |
| CAZ INVESTMENTS LP 8.80% of their portfolio | 872.5k $5.1m | Reduced -2.7k |
| Amundi 0.00% of their portfolio | 828.5k $4.8m | New |
| ALGERT GLOBAL LLC 0.07% of their portfolio | 816.9k $4.8m | Added +217.3k |
| Legal & General Group Plc 0.00% of their portfolio | 814.9k $4.8m | Added +142.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 809.0k $4.7m | Added +231.7k |
| Susquehanna Portfolio Strategies, LLC 0.06% of their portfolio | 712.6k $4.2m | Unchanged |
| BI Asset Management Fondsmaeglerselskab A/S 0.03% of their portfolio | 666.4k $3.9m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 651.0k $3.8m | Added +209.6k |
| Engineers Gate Manager LP 0.04% of their portfolio | 630.3k $3.7m | Added +546.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 568.6k $3.3m | Reduced -695.5k |
| K2 PRINCIPAL FUND, L.P. 0.34% of their portfolio | 559.2k $3.3m | Reduced -449.6k |
| Prentice Capital Management, LP 5.24% of their portfolio | 553.0k $3.2m | New |
| Private Advisor Group, LLC 0.01% of their portfolio | 517.6k $3.0m | Reduced -414.6k |
| SIGNATUREFD, LLC 0.05% of their portfolio | 516.2k $3.0m | Reduced -400 |
| Walleye Capital LLC 0.02% of their portfolio | 497.0k $2.9m | Added +333.9k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 494.5k $2.9m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 484.2k $2.8m | Reduced -22.0k |
| NWAM LLC 0.14% of their portfolio | 440.5k $2.6m | Unchanged |
| Faithward Advisors, LLC 0.36% of their portfolio | 425.9k $2.5m | New |
| Virtu Financial LLC 0.09% of their portfolio | 417.2k $2.4m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 417.2k $2.4m | Added +24.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 415.0k $2.4m | Reduced -34.8k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 397.2k $2.3m | Added +146.2k |
| Clearline Capital LP 0.17% of their portfolio | 385.9k $2.2m | New |
| Marathon Trading Investment Management LLC 0.26% of their portfolio | 373.8k $2.2m | Added +303.0k |
| NORGES BANK 0.00% of their portfolio | 373.1k $2.2m | Not comparable |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 365.7k $2.1m | Added +292.4k |
| NOTABLE CAPITAL MANAGEMENT, L.L.C. 2.59% of their portfolio | 325.3k $1.9m | Added +98.9k |
| United Advisor Group, LLC 0.24% of their portfolio | 325.0k $1.9m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 321.4k $1.9m | Reduced -16.7k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 313.8k $1.8m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 296.7k $1.7m | Added +76.4k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 292.1k $1.7m | Added +289.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 273.0k $1.6m | Added +4.1k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 264.0k $1.5m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 262.9k $1.5m | New |
| IPG Investment Advisors LLC 0.26% of their portfolio | 250.0k $1.5m | Unchanged |
| ARIZONA STATE RETIREMENT SYSTEM 0.01% of their portfolio | 243.6k $1.4m | Added +49.5k |
| Tidal Investments LLC 0.01% of their portfolio | 242.7k $1.4m | Reduced -8.5m |
| DARK FOREST CAPITAL MANAGEMENT LP 0.06% of their portfolio | 229.1k $1.3m | New |
| Caprock Group, LLC 0.03% of their portfolio | 228.8k $1.3m | Added +201.0k |
| CITIGROUP INC 0.00% of their portfolio | 227.8k $1.3m | Added +89.3k |
| Cresset Asset Management, LLC 0.01% of their portfolio | 220.7k $1.3m | Reduced -1.0k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 217.6k $1.3m | New |
| GSA CAPITAL PARTNERS LLP 0.11% of their portfolio | 216.5k $1.3m | New |
| GROUP ONE TRADING LLC 0.04% of their portfolio | 203.2k $1.2m | Reduced -1.3m |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 203.0k $1.2m | Reduced -8.1k |
| Parallax Volatility Advisers, L.P. 0.04% of their portfolio | 202.3k $1.2m | Added +164.9k |
| Alight Capital Management LP 0.31% of their portfolio | 200.0k $1.2m | Reduced -200.0k |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 193.6k $1.1m | Added +56.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 190.1k $1.1m | Added +58.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 184.3k $1.1m | Added +42.5k |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 182.8k $975.8k | New |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 181.3k $1.1m | Reduced -26.8k |
| XML Financial, LLC 0.08% of their portfolio | 175.0k $1.0m | Unchanged |
| INTACT INVESTMENT MANAGEMENT INC. 0.03% of their portfolio | 174.4k $1.0m | New |
| Cetera Investment Advisers 0.00% of their portfolio | 172.4k $1.0m | Reduced -72.6k |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 166.9k $972.9k | Reduced -35.0k |
| Sigma Planning Corp 0.03% of their portfolio | 166.3k $969.5k | Added +8.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 155.1k $904.3k | Reduced -32.4k |
| Altshuler Shaham Ltd 0.01% of their portfolio | 153.2k $839.9k | Added +98.2k |